The Operational Risk Analyst will be responsible for ensuring the successful operation and ongoing enhancement of firm's Operational Risk Management (ORM) Program.
The Operational Risk Analyst helps the firm mitigate risks arising from internal processes, people, and systems. They investigate the procedures/processes an organization undertakes in the course of its operation and document these activities, tightening up procedures where necessary.
The Operational Risk Analyst role entails gathering operational risk-related data from internal or external resources and conducting analyses to quantify risks. Governance and implementation of a Loss Reporting framework will be instrumental.
The Operational Risk Analyst participates in the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
The Operational Risk Analyst independently assesses risks and drives actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
The Operational Risk Analyst plans, tests, and reports on Operational Risk issues. Tests and monitors key controls which have been identified for each Business Unit and document results. They will also communicate with the First Line of Defense on any deficiencies or control gaps and ensures appropriate remedial actions are in place where deficiencies are identified.
The Operational Risk Analyst will assist in the responsibility for the institutionalization of the KRI and KPI framework for business units, for assisting units with the design and development of the program components.
Duties & Responsibilities
Report key Operational risk and control indicators for the enterprise.
Ensure appropriate review of the financial impact of operational incidents, loss events, root cause and business impact analysis.
Work together and collaborate with all three Lines of Defense at the bank.
Develop and maintain technical knowledge of systems and data to ensure optimal use of technology.
Oversee the consistent implementation of policies and procedures
EDUCATION & TRAINING
Applicants for the Operational Risk Analyst role are required to have a minimum of bachelor's degree or equivalent.
Candidate must possess a solid understanding of process, risk, and control design concepts and governance from an operational risk management or audit perspective, as well as working knowledge (possess 4+ years' experience)
Loss Event/Reporting experience is preferred.
Experience working with the Archer GRC platform or another GRC system is preferred.
Working knowledge of ad hoc reporting and research analysis experience. Candidate should also understand federal, state, and agency standards, and guidelines. Also required to have the ability to execute routine (e.g. risk control self-assessment) and non-routine (e.g. investment initiatives independent review) risk management processes.
WHY IT MATTERS
Your goal is to focus on continuous improvement on behalf of our Pillars, achieved through a structured business plan and execution model plus an engaged employee population that contributes to improvement ideas. You'll draw on your banking knowledge to enhance the customer experience by minimizing and improving operational risk, controls and loss events. We take a collaborative approach to quality, which means you'll work with experienced associates, managers, and business partners across the organization. You'll receive coaching, mentorship, and continuous feedback to help you become an even better associate with the firm.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, work authorization status, work disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.